Subnostr

With current Bitcoin network fees being so high, it's raised the following question in my head:

After the final bitcoin is mined (let's say 2140), miners will be rewarded and incentivised in Bitcoin network fees, right?

How does this co-exist with lightning network solving for high fees when transacting? With lightning network serving as retail network and larger transactions being sent on base layer?

Does that make sense? Likely just over my head but thought worth asking. #asknostr

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Discussion

Kc 2y ago

That's how I think it will work out.

The Daniel 🖖 2y ago

Lightning isn’t simply a fee avoidance solution, it’s the best way we currently have for sending instant micropayments. We have a decades to solve the mining incentive challenge, but there will always be a need for some parties to transact on the base layer, no matter the cost.

MJG₿TC 2y ago

Appreciate it!!